On April 27, Willkie clients Centerbridge Partners, TPG Opportunities Partners and Fidelity Investments concluded a year-long multinational restructuring of resort operator Kerzner International Limited. As part of the transaction, Kerzner sold its 50% interest in the Atlantis, the Palm resort located in Dubai, to joint venture partner Istithmar World PJSC, for approximately $250 million, and used the proceeds to repay a portion of the loan held by Willkie's clients. Kerzner also transferred its ownership interest in the Atlantis, Paradise Island and One&Only Ocean Club resorts in the Bahamas to an affiliate of Brookfield Real Estate Financial Partners, which assumed the remaining approximately $2.6 billion in debt securing those properties. Kerzner will also transfer its ownership interest in the One&Only Palmilla resort in Mexico, which also secured the debt assumed by Brookfield, at Brookfield's election post closing. Willkie's clients also funded a new $15 million loan to Kerzner and will have a 15% ownership interest in the company. Kerzner owns and/or operates luxury resorts in the Bahamas, South Africa, China, Dubai, the Maldives, Morocco, and Mauritius under the Atlantis, One&Only and other brands.